0ur cost of living correspondent colletta smith met some who could benefit. at 5.25%. .. yes!e up and there's plenty of people who are delighted. there's far more savers in the country than there are mortgage payers. we have had some reaction from jeremy hunt... - he's got onejob. ian lives off his pension, but after squirrelling away money his whole working life, he has got a small savings pot tucked away. what impact are those rising rates having for you? thank you! you are rejoicing, then, today? as a saver, for the last ten years, i have had 0.1% on my savings, literally nothing. it doesn't pay your bus fare. interest rates going up, for me, is manna from heaven and it is about time. if you are looking to make the most of your savings at the moment, then do take a look at the bbc news website tackling it together pages. there's lots of useful information and advice. you're unlikely to get the best deals from the big high street names at the moment, so look around at the smaller banks and building societies, often offering much more in interest, particularly if you can lock

colletta smith, bbc news, in leyburn. and a quick look at wall street before we go.nasdaq is actually flat to lower because of those concerns thatjun bei was talking about. that's it for the show. thanks for watching. bbc news — bringing you different stories from across the uk. meet the cheshire ghost riders, who are gearing up for a home world championships. it's a whirlwind of emotions, notjust adrenaline. you focus during the flow state and then you're across the line before you know it. i'm absolutely buzzing because i did the worlds 11 years ago now. i had an awful accident in which i broke my hip. i couldn't walk for seven years. i recently got back into it and then qualified again. and it's amazing. there was no stopping me getting back on. if you look at kids under ten, they're probably the most fearless. they don't have to get up and go to work in the morning. here at the shanaze reade bmx track, the club have a total of eight riders qualified for the world championships in glasgow, the youngest being nine years old. i started when i was about three. my dad

colletta smith, manchester was one of the worst affected airports, what is the situation there now?ts, what is the situation there now? when you look at the arrivals _ is the situation there now? when you look at the arrivals and _ is the situation there now? when you look at the arrivals and the _ look at the arrivals and the departure boards here, things are getting back to normal. certainly the number of cancellations are now only a handful but a lot of planes arriving late, significantly late, we are talking about some arriving six, seven hours late. for a lot of those passengers that have been booked on a flight yesterday and arriving six hours later than hoped for even today, it is hugely frustrating. so, for passengers arriving and departing, it is worth going through those rules. if you have had a cancelled or flight delayed for more than five hours, the airline should have up you —— offered you a refund for unused legs offered you a refund for unused legs of that journey or offered you a refund for unused legs of thatjourney or an offered you a refund for unused legs of tha

colletta smith, bbc news, in leyburn. 0ur economics editor faisal islam is here. we nearing the end? i think the deed matters today, rising rates for the 14th consecutive time, to a 15 year high but the words matter to from the bank of england. they have indicated a couple of things. they seem to be saying that rates are going to stay higher for longer. saying that rates are going to stay higherfor longer. we have been used, for 15 years after the financial crisis, also after the pandemic, to have rates near 0% and now at around 5%, perhaps the old normal has come back. they are also keen to communicate to people that the medicine, the tough rate rise medicine does appear to be having an impact in terms of draining inflationary pressure away from the system. you put that altogether and you a picture of rates may not have further to go up now, maybe another rise in september but they may stay about this level, above 5%, longer than people expect.— than people expect. thank you for now. thousands ofjobs are at risk after the high street retailer wilko announced it i

colletta smith, bbc news, at gulliver's world in warrington.pondent marc ashdown. what's the longer term picture on energy bills? what can we expect? i think ithinka i think a bit more stability, firstly. analysts can predict about a year in advance, and we are now hearing that the cap will stay at around this level, £1,900, until the end of 2024 with a few seasonal ups and downs. that is a lot less than the eye watering productions we had last year of up to £6,000 a year potentially, but still more or less double what we were paying back in 2021 just two years ago. in terms of affordability, yes, bills are coming down, but remember everybody last year was getting at £400 help from the government spread over six months, that has now stopped, some of the rents and mortgages in food or going up as well, i think you could see as much if not more walking out the door in terms of bills as you did last year. and remember the cap as well as for averages, so if you use more, you pay more. it is important to be energy smart, try to cut down if you can.

colletta smith, bbc news, salford. slowest since december. the british retail consortium says food inflation slowed to 13.4% last month, partly because of the falling cost of cereals, fish and oils. but shop prices are still much higher than a year ago. our business correspondent emma simpson has the details. two grapes. grapes, grapes. would you like the grapes? they're buying, but they're also watching the pennies. at this fruit and veg stall in high wickham, they used to charge a £1 a bowl. it's £1.50 now, although some items are coming down. they's still customers who come along and say, "really"? because they haven't noticed, we actually bought some of our prices down or we try as much as possible. like with the onions, they used to be £5, but they're down to £4.50. so it's slowly, but they still think it's quite steep. that's because money's tight. it's very hard. even both of us, me and my husband working, it's hard. i do feel a bit optimistic now that maybe things will ease, - but they need to come down, notius

let's go live now to our correspondent, colletta smith. colletta, what's driving this trend?at the ingredients, the causes of the fall are very different. it's really being fuelled by the huge increases in mortgage rates that we have seen over recent months. today, if you are to get a two—year, fixed—rate mortgage deal, the average price you would be paying is 6.85% in interest, a massivejump compared to this point last year. that means more people are failing of the mortgage affordability checks were now trying to get hold of a mortgage and others are opting for cheaper properties, putting on low offers. that is having a real—world impact on house prices. nationwide saying that since that peak that we saw in august last summer, prices have actually dropped by 4.5%, more buyers hesitating as well at the moment, just as rates are shifting so much, and everything feels quite uncertain these last few months. and that's having an impact on the amount of property sold, so nationwide are saying that injune there was a 15% drop in the number of properties that they processed for sal

colletta smith is at manchester airport. how is it looking there?here at manchester airport, though schedules are looking more normal yesterday, there are still a handful of cancellations up on the boards, but most passengers know about those in advance now. the bigger problem at the moment are still those knock—on delays of so many different flights. so, for passengers who have had a flight cancelled or delayed by more than five hours, there are things that you should know in terms of those rights. your airlines are the ones who should have offered you either a full refund for any unused legs of the journey or an alternative flight option, so if you have opted for the cancellation, if you have mist the event you are heading for or decided not to head away, you should get that money back within seven days. if you have stuck within seven days. if you have stuck with your delayed flight or opted for the alternative flight option, your airline should provide you with meals, accommodation, or indeed alternative transport if it is not a flight that is th

with the details, here's our cost of living correspondent, colletta smith.st house price fall since the financial crash in 2009. but the ingredients, the causes of this fall are very different. it's really being fuelling by those huge increases in mortgage rates that we've seen over recent months. today, it's been caused by the huge increase in mortgage rates that we've seen over the last couple of months really beginning to bite in the housing market. if you were to get a two—year fixed—rate mortgage deal today you are looking at average interest rates of 6.85%. that is sitting at a 15 year high and that means that more people are failing those mortgage affordability checks and people are just offering less for properties at the moment, just to be able to afford to buy them. that is why house prices are falling. because those rates and prices have been changing so much recently, it's caused more people to hesitate. nationwide say injune, there was a 15% drop in the number of properties that were sold. more people waiting to see if prices fall further or ind

our cost of living correspondent, colletta smith has been speaking to families at a theme park in warrington summer holiday. i would say probably, because we've had quite a hot spring and summer, haven't we, so i think that's helped. we've not needed to have the heating on. i know there's quite a few of our friends who are really struggling to pay their electric and gas. and today's small drop in energy prices isn't going to change that, so plenty of people have been taking things into their own hands to try and get ahead. thomas and jenny from liverpool are on a prepayment meter and spent £800 on insulation this year to try and cut their bills. we are planning ahead, or trying to. but with the mortgage and the energy bills and the cost of living going up, it's going to be sort of quite tight for us. because we are not getting that extra government support this year, that £66 in monthly payments, despite this small drop in price, what we are all paying out this winter is going to feeljust as tough as last year. and there's another reason bills will not feel cheaper for many. all the standing

the latest now from colletta smith at liverpool airport. back at last.le baby nia should have arrived home from the isle of man on monday. but plans changed. yeah, we waited four hours before we were finally cancelled. lots of people were really anxious about where they were going to stay because unlike us, they had given up hotel space or whatever. it took them 14 hours to change the app so we could change a flight. and this isn't the end of the journey. now it's a train to bristol to pick up the car before the drive home to south wales. yeah, it wasn't ideal! and the passengers arriving back today on rearranged flights are the lucky ones. thousands are still stuck abroad facing a long wait until the next available flights. easyjet cancelled my flight on the monday and they have booked me to return back on the 8th of september. i am more than 17 weeks pregnant now. i'm really not in a good place or feeling well. i suffer with high blood pressure and my medication has run out. passengers need to keep hold of receipts for any extra spending as airlines ar

earlier i spoke to colletta smith at manchester airport.ects are still being felt. even just looking at the arrivals that should be coming in within the next 20 minutes to half an hour here at manchester airport, around five or six, the next five or six flights are delayed or have been delayed, so really frustrated passengers arriving here at manchester airport, lots of them a few hours late, good of them, maybe 2a hours late now arriving back in the uk. it is difficult for customers but they should have had direct contact from the airline in this process so if today you should have been flying, if you were due to fly, it is worth checking with your airline immediately. if you are due to fly tomorrow, the likelihood is we are still going to see knock—on effects so do get in touch and do not travel to the airport until you have heard something from your airline but most airlines are saying most of the flights are leaving the uk as normal. there are some delays but unlikely that many are cancelled. we are seeing a handful right across the uk

, so many people will see little difference to their bills. 0ur cost of living correspondent, colletta smith warrington. with bills racking up on all sides, there has been one relief this summer holiday. i would say probably, because we've had quite a hot spring and summer, haven't we, so i think that helped. we've not needed to have the heating on. i know there's quite a few of our friends who are really struggling to pay their electric and gas. and today's small drop in energy prices isn't going to change that, so plenty of people have been taking things into their own hands to try and get ahead. thomas and jenny from liverpool are on a prepayment meter and spent £800 on insulation this year to try and cut their bills. we are planning ahead, or trying to. but with the mortgage and the cost of living going up, it's going to be sort of quite tight for us. because we are not getting that extra government support this year, that £66 in monthly payments, despite this small drop in price, what we are all paying out this winter is going to feel just as tough as last year. and there's another reas

colletta smith is there for us.em is identified and fixed by the knock—on effects are still being felt? by the knock-on effects are still being felt?— by the knock-on effects are still bein: felt? , , ., being felt? yes, they are indeed. even 'ust being felt? yes, they are indeed. even just looking _ being felt? yes, they are indeed. even just looking at _ being felt? yes, they are indeed. even just looking at the - being felt? yes, they are indeed. even just looking at the arrivals l even just looking at the arrivals that should be coming in within the next 20 minutes to half an hour to the airport until you have heard something from your airline but most airlines are saying most of the flights are leaving the uk as normal. there are some delays but unlikely that many are cancelled. we are seeing a handful right across the uk that are still being cancelled today, as katie was explaining there, because crews and pilots are in the wrong places because of the big delay we saw yesterday. if your flight is cancelled or

colletta smith is there for us.t the situation at manchester airport is this morning, this afternoon, sorry.— manchester airport is this morning, this afternoon, sorry. well, we have had some cancellations, _ this afternoon, sorry. well, we have had some cancellations, there - this afternoon, sorry. well, we have had some cancellations, there are l had some cancellations, there are still some delays, lots of planes are still taking off and landing as normal, so it is worth bearing in mind that if your phone today, check in advance, but it seems to be that most passengers are coming down here and there fights are ticking off as normal. we are seeing at the moment around half an hour delays for quite around half an hour delays for quite a few of the flights that are due to take off within the next half an hour, 44 minutes, so definitely come prepared if you are heading to the airport this morning for potentially extra delays, bring extra food or anything else you need with you, but the likelihood is that your plane if

he's been speaking to our cost of living correspondent colletta smith. at 5.25%... yes!are up and there's plenty of people who are delighted. there's far more savers in the country than there are mortgage payers. we have had some reaction from jeremy hunt... he's got onejob. ian lives off his pension, but after squirrelling away money his whole working life, he has got a small savings pot tucked away. what impact are those rising rates having for you? thank you! you are rejoicing, then, today? as a saver, for the last ten years, i have had 0.1% on my savings. literally nothing. it doesn't pay your bus fare. interest rates going up, for me, is manna from heaven and it is about time. let's speak to gervais williams from the investment manager premier miton. higher rates are not bad for everyone of course and there are more savers than borrowers in britain so as a fund manager, enriching those savers further, because it have consequences. as one of them inflationary?— inflationary? yes, it tends to be that actually _ inflationary? yes, it tends to be that actually when - in

earlier we spoke to our correspondent, colletta smith and we began by asking her what's driving thisients, the causes of this fall are very different. it's really being fuelling by those huge increases in mortgage rates that we've seen over recent months. so today, if you were to get a two—year fixed—rate mortgage deal, the average price is that you'd be paying 6.85% and interest. that's a massive jump compared to this point last year. that means more people are failing those mortgage affordability checks when they're trying to get hold of a mortgage, and othersjust opting for cheaper properties, putting in for lower offers, and that's having a real—world impact now. we're seeing that on house prices. nationwide saying today that, actually, since that peak since that peak that we saw in august last summer, prices have actually dropped by 4.5%. more buyers hesitating as well at the moment, just as rates are shifting so much and everything feels quite uncertain these last few months, and that's having an impact in the amount of properties sold. so nationwide saying that injune, there w

if you use more, you will pay more. 0ur cost of living correspondent, colletta smith has been speakingt a theme park in warrington. with bills racking up on all sides, there has been one relief this summer holiday. i would say probably, because we've had quite a hot spring and summer, haven't we, so i think that helped. we've not needed to have the heating on. i know there's quite a few of our friends who are really struggling to pay their electric and gas. and today's small drop in energy prices isn't going to change that, so plenty of people have been taking things into their own hands to try and get ahead. thomas and jenny from liverpool are on a prepayment meter and spent £800 on insulation this year to try and cut their bills. we are planning ahead, or trying to. but with the mortgage and the cost of living going up, it's going to be sort of quite tight for us. because we are not getting that extra government support this year, that £66 in monthly payments, despite this small drop in price, what we are all paying out this winter is going to feeljust as tough as last year. and ther

colletta smith is at manchester airport for us. so many cancellations, so much disruption.hat is the latest where ou are? ., ., , disruption. what is the latest where ou are? ., , ., you are? today, things are getting back to normal _ you are? today, things are getting back to normal here _ you are? today, things are getting back to normal here in _ you are? today, things are getting | back to normal here in manchester. flights taking off and arriving today. lots of them operating on a normal schedule but that is a small minority struggling because planes are in the wrong place, cabin cruiser in the wrong place after yesterday�* significant delay. so we�*re talking potentially about hundreds of delays and cancellations across the uk. but looking at arrivals and departures at manchester airport, we have a significant amount of planes delayed by half an hour or more that are taking off in the next hour or so but lots of them running as normal. for those people landing today, lots of them arriving back 2a hours after they were expecting to be arriving back on uk turf so there

our cost of living correspondent colletta smith has more details.umn head on. thomas and jay are brothers, and like so many, they've been struggling to keep the bills under control in their homes, but in different ways. jay runs a barber shop, and he and andrea pay for their energy via direct debit. we're still in arrears, but we're going to get back on top of it. ready for this winter. so that's all we can do. yeah. thomas and his partner jenny are both nurses, and they're on a pre—payment meter. it's going to be the same this year. obviously, we are worried about it and we're thinking ahead. but we've got to sort of plan financially, especially with the mortgages on top. i mean, we're on a good wage, me and my partner. so i feel sorry for the people who are getting paid minimum wage. that's the people who i'm sort of thinking about coming into this winter. today's announcement limits the gas and electricity unit prices, which energy companies are allowed to charge. almost all households in britain and the cap is going down, but not by much. so, a

colletta smith, bbc news and stockport.gating after a number of items were found to be "missing, stolen or damaged". most of the items were being kept in a storeroom, some dating as far back as the 15th century bc. our correspondent robin brant is with me. tell us more. only got details in the last hour. _ tell us more. only got details in the last hour. it _ tell us more. only got details in the last hour. it is _ tell us more. only got details in the last hour. it is a _ tell us more. only got details in the last hour. it is a page - tell us more. only got details in the last hour. it is a page long i the last hour. it is a page long statement from the british museum and it is one of the most visited tourist attractions in the country but heart of london for two minutes of the years but what i have so tonight as they discovered earlier this year that some of the items in their collection were missing, stolen or damaged. a member of staff has been dismissed. these are small items, kept in a store room. they were on show ap

i familiar face, baby the cost of living corresponding colletta smith with us. 30 people at the samexcited about tentacle—shaped robots that can travel into lungs, and the reason a popular sandwich filling could do you more harm than good! plus, she�*s taken on the masterchef kitchen. presenter and actor dani dyer tells us why her mum is far scarier than hostsjohn and greg and the reason she made dad, danny dyer, eat over 4000 curries! currie, forbreakfast? i thought we locked the door. _ currie, forbreakfast? ! thought we locked the door. how— currie, forbreakfast? i thought we locked the door. how did - currie, forbreakfast? i thought we locked the door. how did you i currie, forbreakfast? i thought we locked the door. how did you getl currie, forbreakfast? i thought we i locked the door. how did you get in? someone likes the sound of that. maybe that is what is wrong with dolly. see you later guys. lovely to see you backstage. time now to get the news, travel and weather where you are. a very good morning. welcome to bbc london. i�*m thomas magill. a lack of rental properties is b